The Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday, as investor confidence soared following strong support from the country’s military leadership. The KSE-100 index jumped by 1,202 points to close at 139,419.62, marking a new all time record for the market.
Army chief’s assurance, Senate win, and policy hopes drive rally
The rally followed a high level meeting between business leaders and Army Chief General Asim Munir, where he assured full institutional support for economic growth. The meeting boosted market sentiment and gave investors fresh hope for stability and progress.
Adding to the positive momentum, the government’s recent success in securing a majority in the Senate further strengthened investor confidence in political stability.
Experts also pointed to expectations of strong company earnings, high dividend payouts, and possible monetary policy easing by the State Bank of Pakistan (SBP) next week as key drivers behind the market rally.
Ahsan Mehanti, Director at Arif Habib Corp, said the bullish trend reflected optimism about future economic direction. “Stocks traded at a new all time high after business leaders met with the army chief and were assured of support for economic progress,” he said.
Analysts believe that a reduction in interest rates could provide much needed relief to businesses, lower borrowing costs, and encourage further investments in the market.
With the KSE-100 index already gaining strong momentum, investors are closely watching the SBP’s upcoming policy announcement and the corporate earnings season for further clues about the market’s direction.
For now, the PSX’s strong performance is seen as a signal of investor trust in both economic reforms and broader institutional backing.
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